Articles about ‘Motor industry’

Today, I was among the MPs from different parties across the House of Commons who argued for Government to intervene over the hostile bid by Melrose for GKN. GKN is one of Britain’s oldest and largest engineering companies making automotive and aerospace components. GKN Aerospace’s Kings Norton plant in my Birmingham Northfield constituency specialises in aircraft windscreens.

I am extremely concerned that the hostile bid that has been put to the shareholders of GKN by Melrose would be bad for the UK’s aerospace and automotive sectors and bad for employees of GKN. In my speech to the House of Commons today, I explained my reasons for taking this view

In the months since, I have done my best to attend the debates and opportunities to scrutinise the Government’s work on prospectively leaving the EU in Parliament. You can find the latest updates on Parliament’s scrutiny of Brexit here: http://www.parliament.uk/eu-referendum.

“MG’s decision to close its assembly line at Longbridge is hugely disappointing and I believe it is premature. I understand the business concerns that MG have surrounding costs of assembly at Longbridge, which have undoubtedly been aggravated by problems with the strength of the pound. However, more discussions should have taken place to explore alternatives and options before any decisions were finalised.

“Having spoken to the Government, I know they are willing to meet MG to discuss and explore options and help that may be available and I am sure the same will be true for the local authority and the Local Enterprise Partnership. That is why I have appealed to MG to delay this decision pending such detailed meetings.

“I’m therefore disappointed that this announcement has been made in advance of those further meetings taking place. I’m pleased that MG want to continue their operation in the UK, including the successful Shanghai Automotive Technical Centre at Longbridge which is associated with MG. We can build on that and that is another reason why I think this announcement is premature. It is vital that MG get around the table with myself, government, LEP and Birmingham City council to try to find a solution. The voice of employees through their trade unions also needs to be heard. We need to do this in the interests of my constituents, local business and the broader automotive industry.”

7 of the world’s ten F1 teams are British and Britain’s £9bn motorsport industry is a global success story, employing over 40,000 people. That is why, as well as drivers, the UK needs to always be looking to nurture the next generation of designers, engineers, aerodynamicists and technicians who can keep us ahead.